Power 50: Eugene A. Mayne, group CEO, Tristar #13
Eugene A. Mayne founded Tristar in 1998 when he saw the regional need for greater road safety. “In the UAE it was a challenge to get a professional transporter to move bulk petroleum products in a safe and reliable manner,” he explains. Tristar was therefore established with the aim of building a fuel logistics business that would provide safety in operations as its USP.
Today, Tristar has set global standards and industry benchmarks on safe road transport operations in the 20 countries where it operates. With an annual turnover of almost US $500-million for its regional operations and a staff count of 2,000, Mayne has grown the company into one of the largest integrated chemical logistics firms in the Middle East.
The road transport business has been complimented with a wide-range of best-in-class warehousing and lubricant distribution centers, and the group has partnered with Kuwait-based Agility in 2003, which is one of the world’s leading providers of integrated logistics services. It also diversified into turnkey fuel supply operations, fuel farm and chemical terminal management, ship owning and chartering business, lubricants distribution, and commercial aviation fuel services.
Tristar has exponentially grown into a fully integrated liquid logistics solutions provider in the Middle East with a fleet of more than 1,500 commercial vehicles including trucks, trailers road tankers and 25 chemical, oil and gas vessels globally mostly with Oil Majors with presence in 20 countries and territories spread across the Middle East, Africa, Asia, the Pacific and the Americas.
During the last 12 months the company has signed contracts for six new build 25,000 MT DWT, IMO Type 2 Oil and Chemical Tankers with South Korea’s premier shipbuilder, Hyundai Mipo Dockyard. The vessels will be delivered starting 2020 and will be time chartered to oil major Shell.
It also signed a Joint Venture with the Stevens Group based in the Netherlands in forming Tristar Hazmat FZCO in Jebel Al Free Zone which will provide logistics and supply chain management and distribution of hazardous goods and substances throughout the Middle East.
“The JV brings together the diverse footprint and established network of the Tristar Group in the logistics and supply chain management across the Middle East providing the Stevens Group with a unique opportunity to deploy its specialized services and expertise in the storage, handling and distribution of all classes of hazardous material,” says Mayne.
The group also operates a JV in Saudi Arabia, United Stars, which last year signed two agreements with SABIC to transport MTBE (methyl tertiary-butyl ether), Caustic Soda and other chemicals from the SABIC plants in Jubail in the Eastern Province to SABIC customers inside the Kingdom, Gulf Cooperating Council (GCC) and Jordan. United Stars will also transport gases such LIN, CO2 and Argon from Jubail and Yanbu in the Western Province to different SABIC customers in the Kingdom and GCC using specialized gas tanks.
Tristar has also been contracted by Saudi Industrial Gas Co. ltd. (SIGAS) to transport Liquid Nitrogen and Liquid Co2 from Dammam to different locations in the Kingdom, specifically to remote oil and gas rigs. Tristar has also acquired the Shell Chemicals terminal in JAFZA, which is situated on a 21,000 sqm water facing lot and consists of nine above-the-ground storage tanks with a capacity of 5,505 CBM, a jetty with three pipeline connections to the tanks, truck loading gantry and drumming facility.